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CFDs again

Recently an article popped up on our Mentor Program graduate forum by Scott Pape who writes for the Herald Sun in Melbourne and undoubtedly it was syndicated nationally. Traditionally, I tend to let these sort of things slide simply because of the standing of the Herald Sun somewhere between a Harvey Norman catalogue, a chip wrapper and a self help manual for bogans. The Wall Street Journal it is not.

Unfortunately the article trots out tired old chestnuts about CFDs and introduces us to a supposedly successful financial planner called John who managed to lose 500k trading CFDs. It would seem from reading the article that John is under qualified to run a Mr Whippy van let alone provide financial advice for unsuspecting strangers.

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